Natural Fintech Aggregator Will Soon Enter Sharia P2P Lending Business

Startups fintech aggregator Experience going into business immediately p2p loans Sharia next year. The wide potential of sharia business is the reason behind this business expansion.

"Naturally still explore business plan [go to p2p loans], likely in the near future. We see the potential for sharia business is quite large, after all startups p2p loans There are only two that are purely engaged in sharia, which have been registered with the OJK," said Co-Founder and CEO Experience Dima Djani, Wednesday (21/11).

Dima also said that Alami was currently still in the registration process to enter regulatory sandbox as a startup aggregator, follow the rules POJK Number 13 of 2018. If it has received certainty from the OJK, the company will realize the plan.

In addition, the company is also ready to expand its service coverage to new areas. There are two targeted locations, namely Java and Sumatra. Alami will also add financial institution partners so that borrowers can get many options for funding sources.

"In terms of documents and SOPs, everything is ready, we just have to wait for confirmation from the OJK regulatory sandbox or not. They [OJK] said it would be announced simultaneously next month."

Experience moving in the field aggregator to make it easier for SMEs to get loans from Islamic financial institutions. There are five partners who have worked together, namely Bank Syariah Mandiri, Bank BNI Syariah, Bank Mega Syariah, Jamkrindo Syariah, and Kapital Boost.

Dima explained that Alami screened potential recipients of financing before meeting with financial institutions. With credit scoring that have been prepared according to applicable standards, SMEs only need to fill out the required documents. Starting from detailed company data, TIN, sharia compliance, collateral (if any), and others.

The nominal amount that can be submitted by SMEs starts from Rp. 200 million to Rp. 30 billion. When all the data is filled in, Alami will do it rating risk level ranging from 1 (best) to 6 (worst). Rating This will be used by partners in determining coupons and tenors that are commensurate with the risk.

"After the partner makes an offer, the borrower can compare which offer suits their individual needs. If interested, the partner will receive a notification containing the borrower's contact details for the final process."

Claimed with Natural platform, process screening methods can be completed within one day, with a percentage of success received by partners of 80%. Furthermore, the partner will verify the prospective borrower's data according to the SOP before the disbursement process.

Over the past six months, Alami has assisted 10 SMEs in Indonesia with a total financing of IDR 20 billion. In addition, of the 80 SMEs that have registered, there are 50 SMEs that have passed screening methods early stage and is in the partner analysis stage.

Generally, recipients of financing come from the halal industry with manufacturing, creative industries, trade, health services, and education sectors. Dima ensures that all of its business activities comply with sharia principles by implementing a business model that is sharia-driven, one step ahead of implementation sharia-compliance.